Maagh Advertising IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Maagh Advertising IPO release date, IPO offer price, subscription, Maagh Advertising Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 60 |
| Listing At | BSE SME |
| Min. Order Quantity | 2000 shares |
| Listing Date | Oct 10, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 912.00 Lakh |
| IPO Size | Rs. 912.00 Lakh |
| Tick Size | 1 |
Maagh Advertising IPO is listed at a Rs. 50 premium. Check out the live share price by clicking on the below link.
Maagh Advertising IPO – Summary
The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making significant strides. Proving its resilience to the world, Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenue.
According to a FICCI-EY report, the advertising to GDP ratio is expected to reach 0.4% by 2025 from 0.38% in 2019.
They are a advertising agency primary offering creative and media services. They create a
nd execute advertising campaigns across various media that help their clients business and brands grow. Also, they offer a complete range of designing, media and printing services.
The Promoter of this company is Miniboss Consultancy Private Limited and Azharuddin R.Mulla. The lead manager to the issue is INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED , and the Registrar to this issue is SATELLITE CORPORATE SERVICES PRIVATE LIMITED.
Maagh Advertising IPO Date
The opening of Maagh Advertising IPO will be on Sep 26, 2022 and the closing date Sep 29, 2022.
Maagh Advertising IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 26th Sept | 0.00x | 0.04x | 0.02x |
| 2nd Day – 27th Sept | 0.05x | 0.12x | 0.09x |
| 3rd Day – 28th Sept | 0.22x | 0.17x | 0.20x |
| 4th Day – 29th Sept | 0.22x | 0.29x | 0.26x |
| Shares Offered or Net Issue | 722,000 | 722,000 | 1,444,000 |
The shares subscribed by the public will be updated here.
Maagh Advertising IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Maagh Advertising Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 4, 2022 |
| Refunds Initiation | Oct 6, 2022 |
| Credit of Shares to Demat Account | Oct 7, 2022 |
| Share Listing Date | Oct 10, 2022 |
Maagh Advertising IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.60.
Maagh Advertising IPO Equity Size
This Initial Public Issue of 15,20,000 Equity Shares of Rs.10 each for cash at a price of Rs.60 per equity share aggregating to Rs.912.00 Lakh.
Maagh Advertising IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 14,44,000 Equity Shares of Rs.10. each.
Issue Size: 15,20,000 Equity Shares of Rs.10 each, aggregating to Rs. 912.00 Lakh.
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Maagh Advertising IPO – Live Performance
The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Maagh Advertising Share Price |
Maagh Advertising IPO Grey Market Premium
The Maagh Advertising Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Maagh Advertising IPO – Company Overview
They also rely heavily on third parties like material suppliers, designers, media providers and other service providers to help them meet their contractual obligations and provide services as required by their client.
Also, they do not own any of the media and they do not keep inventory of any media on their own. They do media planning as per their clients requirements and timing of their requirements and accordingly proceed to buy media for their clients.
They aim to generate results at pat with the expectation of their clients, through research, compelling creative works and strategic media planning.
Then they believe in building long term relationships with their clients. They strive to measure success for their clients through increased brand awareness, impact on sales volume and other parameters mutually agreed with the clients.
Maagh Advertising IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1076.3 | 1154.84 | 1340.96 | 1071.9 |
| *Total Revenue | 1387.17 | 2455.42 | 5261 | 2989.6 |
| Total Expense | 1286.48 | 2,269.92 | 5,072.79 | 2,833.30 |
| Profit After Tax | 55.38 | 75.97 | 82.37 | 53.33 |
Earnings per Equity Share (in Lakh)
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 2.29 | 4.10 | 4.42 | 2.82 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-219 were Rs.55.38 Lakh, Rs.75.97 Lakh, and Rs.82.37 Lakh, and Rs. 53.33 Lakh respectively.
Maagh Advertising IPO – Promoters
The Promoter of this company is:
- Miniboss Consultancy Private Limited
- Azharuddin R. Mulla
List of Related Parties (Key Managerial Personnel)
- Sachin B. Devade, Chief Financial Officer
- Nidhi Jaiswa, Company Secretary & Compliance Officer
Maagh Advertising IPO – Promoters Holding
- Pre Issue Share Holding – 99.95%
- Pos Issue Share Holding – 53.63%
Maagh IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 15,20,000 Equity Shares aggregating up to Rs. 912.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 76,000 Equity Shares aggregating up to Rs.45.60 Lakh |
| Net Issue to the Public | Up to 14,44,000 Equity Shares aggregating up to Rs. 866.40 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 17,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 32,80,000 Equity Shares |
Maagh Advertising IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.Purchase of Software
2. Purchase of Media Inventory
3. General Corporate Purposes
Maagh Advertising IPO – Business Strategy
- Investment in Technology
- Increase the number of Client Relationships
- Competitive Pricing
Maagh Advertising IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Media Services
- Creative Services:
- Social Media Advertising:
- Other Services:
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Dec -21 | 2.29 | 9.77 | 23.48 |
| 31-Mar -21 | 4.10 | 19.37 | 21.18 |
| 31-Mar-20 | 4.42 | 25.83 | – |
| 31-Mar-19 | 2.82 | – | – |
Maagh IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Maagh Advertising Limited | Rs.10 | 20.07 | 2.99 | 12.36 |
| Listed Peers | ||||
| Pressman Advertising Limited | 2 | 21.17 | 1.92 | 10.03 |
| Praveg Communications (India) Limited | 10 | 28.55 | 6.62 | 44.36 |
Maagh Advertising IPO Lead Managers
| Lead Managers |
| INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED 2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End), Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra Tel No: +91 22 4075 1500 Fax No: +91 22 4075 1511 Email: sme.ipo@inventuremerchantbanker.com Investor Grievance Email: redressal@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com SEBI Registration No: INM000012003 Contact Person: Arvind Gala |
Maagh Advertising IPO Registrar to offer
| Registrar to the Offer |
| SATELLITE CORPORATE SERVICES PRIVATE LIMITED A 106 & 107, Dattani Plaza,East West Compound, Andheri Kurla Road, Safed Pool Sakinaka, Mumbai – 400072 Tel No.: +91 22 28520461 / 28520462 Email: service@satellitecorporate.com Website: www.satellitecorporate.com SEBI Registration No: INR000003639 Contact Person: Michael Monteiro |
Maagh Advertising IPO – Other Details
- Statutory Auditor – M/s. Piyush Kothari & Associates, Chartered Accountants.
- Legal Counsel to the Company – DRC Legal & Associates
- Bankers to the Company – Axis Bank Limited
Maagh IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Maagh Advertising Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Maagh Advertising IPO Review FAQs
Check out various FAQs related to Maagh IPO:
What is the Issue Size of Maagh Advertising IPO?
The Company is making an initial public offer of 15,20,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Maagh Advertising IPO?
The price band for this particular IPO ranges between Rs. 60. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Maagh Advertising IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 26, 2022, while the closing date is set at Sep 29, 2022.
What is the Maagh Advertising IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.
What is the Maagh Advertising IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 10, 2022. The date, when the listing would be done, is stagnant on Oct 10, 2022.
Who is the Registrar of Maagh Advertising IPO?
One of the reputed registrars is managing the issue of this IPO, SATELLITE CORPORATE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Maagh Advertising IPO?
Here are the promoters of this IPO – Miniboss Consultancy Private Limited and Azharuddin R. Mulla. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Maagh Advertising IPO?
We have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Maagh Advertising IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Maagh Advertising Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.55.38 Lakh, Rs.75.97 Lakh, and Rs.82.37 Lakh, and Rs. 53.33 Lakh respectively.
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